Economic policymaking needs to adapt to the climate emergency

The Eaton wildfire in California in January. Wildfires have a direct impact on jobs and earnings because the smoke affects the health of people miles away from the blaze, research says. Photograph: Mario Anzuoni/Reuters

The heatwave that gripped much of the UK this week was the latest sweltering reminder that the climate emergency is already making daily life more volatile.

Many of the places most brutally exposed to out-of-kilter weather patterns and natural disasters are in the global south, and rightly demand solidarity from the wealthier countries responsible for most historical emissions. But the costs of the emergency are being felt everywhere.